Pelham Smithers Associates Ltd - PSA Today 23 April: Trade hopes, Powell issue recedes / April PMI / Considering IC, SPE names / Fanuc gives no guidance for FY25 / Obic, OBC FY24 results / Kakaku Tabelog, China WeChat – Nikkei 225 +1.89% | ¥$141.68

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Pelham Smithers Associates Ltd

Joel Scheiman ...

Lindsay Whipp
Pelham Smithers
Thao Nguyen
William Nestuk

PSA Today 23 April: Trade hopes, Powell issue recedes / April PMI / Considering IC, SPE names / Fanuc gives no guidance for FY25 / Obic, OBC FY24 results / Kakaku Tabelog, China WeChat – Nikkei 225 +1.89% | ¥$141.68

PSA Today Japan Market Comment by Pelham Smithers, Joel Scheiman, William Nestuk, Lindsay Whipp and Thao Nguyen
Tags: Apple (AAPL US), Taiyo Yuden (6976 JT), Sony (6758 JT), Fujikura (5803 JT), Nidec (6594 JT), Furukawa Electric (5801 JT), Hino Motors (7205 JT), Daimler Truck (DTG GY), Fujifilm (4901 JT), Regeneron (REGN US), Konica Minolta (4902 JT), JAFCO (8595 JT), Taisei Corp (1801 JT), Obic Co (4684 JT), OBC (4733 JT), GMO Internet (4784 JT), Japan Coca-Cola Bottlers Japan (2579 JT), Nvidia (NVDA US), Amazon (AMZN US), Huawei (pvt), Tokyo Electron (8035 JT), Advantest (6857 JT), Teradyne (TER US), Tokyo Seimitsu (7729 JT), Fanuc (6954 JT), BayCurrent (6532 JT), Money Forward (3994 JT), Freee KK (4478 JT), Kakaku.com (2371 JT)
Main Points
 Japan shares surge on trade deal hopes, Fed ousting fears reduced
 Japan April PMI back above 50
 Is it too early to revisit Japanese IC / SPE names?
 Fanuc Q4 OP in-line; no FY25 guidance
 Obic FY24 Q4 OP and sales growth reaccelerate
 OBC FY24 results robust but new orders decline sharply
 Kakaku’s Tabelog to be available on China’s WeChat

23/04/2025 1 EN

Provider

Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.

See profile

Analysts

Joel Scheiman

Lindsay Whipp

Pelham Smithers

Thao Nguyen

William Nestuk

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PSA Today 23 April: Trade hopes, Powell issue recedes / April PMI / Considering IC, SPE names / Fanuc gives no guidance for FY25 / Obic, OBC FY24 results / Kakaku Tabelog, China WeChat – Nikkei 225 +1.89% | ¥$141.68

PSA Media & Entertainment: Nintendo (7974 JT) – a PSA 2025 Q2 Focus List Constituent – Switching Systems

PSA Information Technology: FY24 Q4 Preview for Big 3 IT Firms

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